Founders shareholder agreement template – Can the free legal documents provided on the Net be a replacement for consulting with an attorney?
In some cases, most definitely.
To give a simple example: The law in your state may require a written contract for the sale of goods over a certain value. Or for that matter, you may choose to give your parent a power of attorney to sell something on your behalf whilst away on holiday. It does not require specialized legal knowledge to compile a bill of sale for a motorcycle, automobile or other goods or to draw up a limited power of attorney.
Likewise, a young person without plenty of assets might want to draft a last will and testament or a living will. For most young people a conventional legal template can be used to make their documents and the forms can be downloaded free from the web, without incurring legal costs. Of course, it’ll be a different case for a billionaire with various assets and a complex will where consultation with a legal or financial expert is priceless.
Many parents recognize the need for a medical consent form for a babysitter in the event of a medical emergency. Or they might require a more comprehensive temporary guardianship form if their child will be staying with a relative or trusted friend. These sample forms are freely available online.
Free legal documents are particularly valuable when they’re also accompanied by legal guidelines on how best to complete them.
Even though the law recognizes oral agreements, it always makes sense to get it in writing to avoid arguments over what exactly was agreed upon. Using sample legal documents to compile your own contracts is no different to lawyers using their present templates for standard agreements.
Of course there are several instances where you must check with a lawyer. Again, you may use the free legal files and free legal information available on the Internet to do your preparation ahead and so lower the consulting period – and hours charged. Please take a look our founders shareholder agreement template on the attachment page.
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